The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signals that U.S. manufacturing is expanding.
The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.
Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year.
Presidential candidate Joe Biden plans to company long-standing racial economic inequalities in an attempt to draw a contrast with President Trump.
MILWAUKEE -- As Democrats in Madison introduced a package of bills aimed at reforming the state's unemployment system, disabled Wisconsin workers across the state were still waiting to learn if they are eligible for claims that have been pending for months.Dennis Dent first filed for unemployment March 30th, says he had a terrible time getting to anyone who can answer his questions about when he might get paid."I would keep calling, hang up, calling, hang up. 'The lines are full.
Wisconsin's unemployment rate dropped nearly three percent from last month. But while people are getting back to work, 140,000 Wisconsinites are still waiting on unemployment checks.
MADISON — The Wisconsin Department of Workforce Development reports that the state's unemployment rate dropped to 12% in May.The state's “safer at home” order closing most nonessential businesses due to the coronavirus pandemic was in effect for two weeks that month before being struck down.The 12% unemployment rate was down from the revised 13.6% rate in April.The national unemployment rate for May was 13.3%.Wisconsin added 72,100 private-sector jobs in May.
WASHINGTON — The U.S. economy entered a recession in February, a group of economists declared Monday, ending the longest expansion on record.The economists said employment peaked in February and fell sharply afterward, marking the beginning of the downturn.The economists make up a committee within the National Bureau of Economic Research, a trade group that determines when recessions begin and end.
WASHINGTON — The U.S. unemployment rate fell to 13.3% in May from 14.7%, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy in the wake of the viral pandemic.The May job gain suggests that businesses have quickly been recalling workers as states have reopened their economies.Other evidence has also shown that the job market meltdown triggered by the coronavirus has bottomed out.
MADISON -- Wisconsin Department of Workforce Development (DWD) Secretary Caleb Frostman announced on Friday, May 29 that, due to an increase in the state's unemployment rate, Wisconsin triggered into the Extended Benefit program.The Extended Benefit program provides additional unemployment benefits to those who exhaust previous benefits, effective May 17, 2020.
MADISON — Wisconsin Republicans sparred with leaders in Democratic Gov.
PEWAUKEE -- If you're struggling with the process of filing unemployment claims in Wisconsin, you're in good company.
MADISON -- Starting next week, people in Wisconsin can file for the expanded unemployment benefits promised under the CARES Act.On its website, Wisconsin's Department of Workforce Development says people who newly qualify for unemployment benefits under the law, such as independent contractors and the self-employed, can begin to file applications the week of April 21.The state will start making payments of an additional $600 per week starting the week of April 26; most people qualify for the additional payments.The CARES Act also expands unemployment benefits by an additional 13 weeks.
WASHINGTON — A record-long streak of U.S. job growth ended suddenly in March after nearly a decade, as employers slashed hundreds of thousands of jobs because of the viral outbreak that has all but shut down the U.S. economy.
WASHINGTON — A record-long streak of U.S. job growth ended suddenly in March after nearly a decade as employers cut 701,000 jobs because of the viral outbreak that's all but shut down the U.S. economy.
MADISON — Wisconsin Republican legislative leaders said for the first time Wednesday that they support temporarily waiving a one-week waiting period for people to receive unemployment benefits as part of a state aid package in response to the coronavirus pandemic.In a joint news conference, Assembly Speaker Robin Vos and Senate Majority Leader Scott Fitzgerald criticized Democratic Gov.
MADISON – More than 115,000 (115,679) new applications for unemployment were filed during the week of March 22 through march 28, officials with the Department of Workforce Development announced Monday, March 30, noting an "unprecedented number of calls (1.5 million-plus) overloaded the system."DWD officials encouraged people to file online HERE, noting that the online application process is faster and easier than applying over the phone.
WASHINGTON — The U.S. unemployment rate fell to 3.5% in September, the lowest level in nearly five decades, even though employers appeared to turn more cautious and slowed their hiring.The economy added a modest 136,000 jobs, enough to likely ease worries that an economy weakened by the U.S.-China trade war and tepid global growth might be edging toward a potential recession.